Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/44492
Authors: 
Koski, Heli
Kretschmer, Tobias
Year of Publication: 
2009
Series/Report no.: 
ETLA Discussion Papers, The Research Institute of the Finnish Economy (ETLA) 1174
Abstract: 
We study the effect of new product introduction on firm value. Using a unique sample on mobile phone handset introduction by 16 major handset manufacturers over 10 years, we distinguish between imitative product introduction and truly innovative product introduction. We find that while most product introduction is imitative, both types of innovation increase firm value. However, truly innovative innovation is found to increase firm value by more than imitative introductions.
Subjects: 
Product innovation
mobile telephony
firm value
Document Type: 
Working Paper

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